New commemorative Queen coin worth serious cash
The Royal Australian Mint has confirmed that it will be releasing a commemorative 50c coin to celebrate the life of Queen Elizabeth II, on Thursday.
The coin will feature all six effigies which have been featured on Australian coins during the late monarch’s reign, with two versions up for sale.
One is an uncirculated version which will cost $15 and, the other is silver proof edition for $135.
“With limited mintage, this coin is expected to be a highly prized addition to any coin collection,” the Mint said.
Australian coin expert Joel Kandia said that online marketplaces are already selling the coin at “seven times the RRP”.
Royal Australian Mint CEO Leigh Gordon added that this latest release is the perfect tribute to the late Queen.
“Historically, coins bear witness to a Monarch’s reign with their royal effigies appearing on the obverse. In keeping with that tradition, this exceptional coin showcases the Queen Elizabeth II Memorial Effigy by Jody Clark on the obverse,” he said.
“The Mint’s trademark storytelling is strongly represented on the coin’s reverse, which features a central design depicting the first six effigies, fanned above the Queen’s royal cypher.”
This surprise release will be in high demand, with a “frenzy” expected for coin collectors, according to the Perth coin and bank note expert.
“It is essentially the last coin commemorating the Queen,” Kandiah said in an interview with 7News.
“It is extremely special because it features all six effigies of the Queen that have appeared on Australian coinage since 1954, so it unique in that respect.
“There will definitely be a frenzy, which is why the RAM have reduced the allocation to just one per person through their physical store, through the phone and their authorised distributors.
“There have been murmurings about the coin for a while, so collectors are really excited to see it confirmed and able for purchase.”
The uncirculated coin itself will have a mintage of 25,000 and the silver proof version has an even lower mintage of 7,500.
The coins will be for sale at the Royal Australian Mint in Canberra from 8.30am on Thursday November 23, through the Mint’s Contact Centre on 1300 352 020, or through the Mint’s authorised distributors.
Image: Royal Australian Mint